Aptly titled The Masterplan of Retail Transformation, the Middle East Retail Forum will host more than 200 delegates – restricted to 40 percent of the ballroom capacity – to ensure social distancing. This will be the first such event to take place maintaining social distance protocol and all health and safety regulations stipulated by the Department of Tourism and Commerce Marketing (DTCM) – and reflect the organiser’s strong determination to defy the odds. This also reflects the resilience of the region’s retail sector that has been dominating the economic landscape of the Middle East.
In the GCC, mass internet adoption has resulted from a combination of digital infrastructure and eager consumer adoption of technology-driven solutions, such as social media and smartphones. The wider Middle East and North Africa (MENA) region has taken its own route to digital adoption, leap-frogging traditional channels of evolution, according to a research by Visa International.
“Today, Middle East nations are ahead of more mature eCommerce markets such as the United States and China in terms of internet penetration, which stood at 64.5 percent, above the global average of 54.5 percent,” it said.
“Delayed adoption, followed by high digital and social penetration, has meant that GCC consumers have jumped straight to mobile commerce, or mCommerce, and operate across digital platforms with ease. The total market size, including all categories, has been estimated to be worth $48.6 billion in 2022, up from $26.9 billion in 2018.”
The COVID-19 pandemic has disrupted the retail sector and transformed consumers as it is rapidly changing the US$25 trillion global retail landscape, so much so that the global eCommerce sales are set to grow from US$4.13 trillion in 2020 to US$4.8 trillion in 2021.
Justina Eitzinger, Chief Operating Officer of Images Group Middle East, organiser of the Middle East Retail Forum and RetailME Awards, said, “The COVID-19 pandemic has defined and accelerated transformation of the retail landscape, bringing with it, several new opportunities!"
“Organising the 9th Middle East Retail Forum and the 10th RetailME Awards under this extremely challenging environment reflects our resolve, conviction and commitment to our industry that is so resilient. The pandemic has reminded us that only change is constant, and we must be agile, responsive and future fit to perform and thrive in the constantly changing environment.”
"We are very excited to organise both the conference and the RetailME Awards 2020 on the same day. As the adage goes, 'When the going gets tough, the tough get going'. We will recognise the incredible retailers that have championed transformation, innovation and customer experience."
“As the retail sector faces challenges and embraces change we expect a number of developments taking place in the retail industry in the next years. The region’s retailers will benefit from the insights and best practices that will be shared through the keynote addresses, presentations and panel discussions. We urge both retailers and the enablers and solution providers to the retail industry to join this knowledge sharing initiative.”
The 9th Middle East Retail Forum, the region’s most prestigious and the only such event for the retail sector, will host a number of keynote speakers, presentations and five panel discussions in which 35+ speakers will share their insights on the changing retail landscape.
Speakers at the 9th Middle East Retail Forum, includes experts and officials from Kamal Osman Jamjoom Group, Lulu Group International, Chalhoub Group, Baraka Retail Group, Jacky’s Business Solutions and Jacky’s Retail LLC, Sacoor Brothers Group, Kibsons, Coveti, Zebra Technologies, Krush Brands, Magrudy’s, Liwa Trading Enterprises, PJP Investments Group, Dubai One, Fawaz Alhokair Fashion Retail, Mumzworld.com, Gates Hospitality, ElGrocer, Hopi, Exhale and Glamazle.
RetailME Awards is also the only such international awards programme for the retailers. In its tenth year, it is the most sought after awards programme in the Middle East.
About IMAGES RetailME
IMAGES RetailME is a 16-year-old retail intelligence media brand in the Middle East. With a 45,000+ strong print readership and over 100,000 digital reach across the MENA region, it offers unparalleled insights into local and international trade.
RetailME is the No. 1 Retail Intelligence Platform, bringing together traditional and digital retailers of all sizes and contributing on trends, thought leaderships, experiences and transformation.
IMAGES RetailME provides unique, in-depth editorial coverage on all aspects of retail – including retail formats, merchandising, design, shop fit, category management, logistics, technology, shopping centres, consumer trends, franchising, and human resource. Plus, the readers are kept up to date with important directions and trends in this ever-growing industry.
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© Press Release 2020